Opal Wealth Advisors LLC Acquires New Shares in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN)

Opal Wealth Advisors LLC acquired a new stake in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) in the first quarter, Holdings Channel reports. The institutional investor acquired 9,055 shares of the company’s stock, valued at approximately $107,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. 1607 Capital Partners LLC increased its holdings in Nuveen New York Select Tax-Free Income Portfolio by 23.7% in the fourth quarter. 1607 Capital Partners LLC now owns 273,085 shares of the company’s stock valued at $3,100,000 after purchasing an additional 52,358 shares during the last quarter. Guggenheim Capital LLC grew its stake in Nuveen New York Select Tax-Free Income Portfolio by 13.3% in the fourth quarter. Guggenheim Capital LLC now owns 55,020 shares of the company’s stock valued at $624,000 after acquiring an additional 6,457 shares during the period. Wolverine Asset Management LLC grew its stake in Nuveen New York Select Tax-Free Income Portfolio by 27.3% in the fourth quarter. Wolverine Asset Management LLC now owns 45,983 shares of the company’s stock valued at $522,000 after acquiring an additional 9,850 shares during the period. Finally, Logan Stone Capital LLC acquired a new position in Nuveen New York Select Tax-Free Income Portfolio in the fourth quarter valued at about $197,000.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

NYSE:NXN opened at $11.33 on Friday. Nuveen New York Select Tax-Free Income Portfolio has a 1 year low of $10.98 and a 1 year high of $12.40. The stock has a 50-day moving average price of $11.48 and a two-hundred day moving average price of $11.61.

Nuveen New York Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a $0.042 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.50 dividend on an annualized basis and a yield of 4.45%.

Nuveen New York Select Tax-Free Income Portfolio Company Profile

Nuveen New York Select Tax-Free Income Portfolio is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in the securities of companies that operate across diversified sectors.